Vilnius Academy of Business Law or VABL (Lithuanian: Vilniaus verslo teisės akademija) is a private university in Lithuania which offers courses in Master of Law. The Ministry of Education and Science of the Republic of Lithuania licensed VABL on August 26, 2003. Teaching commenced from the year 2004. Vilnius Academy of Business Law is situated in Vilnius; part-time courses are also available in Klaipėda. Courses are oriented towards business, and encompass various areas of studies, including law, economics, and management. The goal of the studies is to prepare business lawyers. Courses are interrelated. Full-time degree in Master of Law can be attained in 5 years, and part-time degree – in 6 years. The Academy accepts high school graduates. As of September 2008, the tuition is 5,800 litas (about US$2,500) per year while puclic universities in Lithuania are generally free of charge.